\begin{table}[htbp]\centering \def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi} \caption{Dynamic Effect of Hearings on Improper Payment Rate, Intercept-Shift and Semi-Parametric Specifications. Dependent variable is improper payment rate as a percent of all payments.} \resizebox{\textwidth}{!}{ \begin{tabular}{l*{5}{c}} \toprule
                    &\multicolumn{2}{c}{Agency-level}           &\multicolumn{2}{c}{Program-level}          \\
                    &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         &\multicolumn{1}{c}{(4)}         \\
\midrule
Agency Hearing Prior to this Year&       -1.47\sym{***}&                     &       -1.51\sym{**} &                     \\
                    &      (0.46)         &                     &      (0.76)         &                     \\
\addlinespace
Agency Hearing      &       0.091         &        0.93\sym{**} &        1.04         &        1.99         \\
                    &      (0.56)         &      (0.46)         &      (1.23)         &      (1.02)         \\
\addlinespace
Agency Hearing t-1  &                     &        1.04\sym{**} &                     &        2.90\sym{***}\\
                    &                     &      (0.47)         &                     &      (0.97)         \\
\addlinespace
Agency Hearing t-2  &                     &        0.83         &                     &        1.25         \\
                    &                     &      (0.47)         &                     &      (1.06)         \\
\addlinespace
Agency Hearing t-3  &                     &        0.31         &                     &       -0.20         \\
                    &                     &      (0.46)         &                     &      (1.00)         \\
\addlinespace
Agency Hearing t-4  &                     &        0.55         &                     &       -0.55         \\
                    &                     &      (0.47)         &                     &      (1.01)         \\
\hline
Fiscal Year FE      &         Yes         &         Yes         &         Yes         &         Yes         \\
Agency/Program FE   &         Yes         &         Yes         &         Yes         &         Yes         \\
Observations        &         304         &         304         &        1289         &        1289         \\
\bottomrule \multicolumn{4}{l}{\footnotesize Standard errors in parentheses; clustered on agency-year for program-level analysis.}\\ \multicolumn{4}{l}{\footnotesize \sym{**} \(p<0.05\), \sym{***} \(p<0.01\)}\\ \end{tabular} } \\ \label{tab:otherspec} \end{table}
